China Banks
China to Grant More Private Banking Permits
| Marcel Woo | | Aug 02, 2016 01:22 AM EDT |
The Chinese government is set to grant more banking licenses to those who want to operate banks in the country, after initially awarding five private banks with licenses last year.
5 New Chinese Banks Get Official Approval to Commence Operations
| Camille Harthy | | May 28, 2015 11:17 AM EDT |
The last of five private banks that are expected to usher in a new era in China's banking industry has received official approval to commence operations.
China Tells Banks to Increase Lending to Small Firms
| Marcel Woo | | Mar 06, 2015 07:37 AM EST |
China's banking regulator has ordered banks in the country to increase the amount of its lending to small businesses that are facing headwinds due to the current slowdown in the world's second-largest economy.
China Banks' Bad Loan Remains Low But Buffers Slip
| Mia Lindog | | Aug 17, 2014 07:57 AM EDT |
Chinese banks' reserves for soured loans fell to its lowest level in three years, which could slow down profits as they are forced to set aside higher levels as protection for rising bad debts.
China has seen a triple digit rise in payments by mobile phones, according to an e-commerce report.
| Rhona Arcaya | | Aug 04, 2014 07:46 PM EDT |
The 2014 China Internet Financial Development Report said Chinese mobile phone payments jumped 707 percent year on year in 2013.
China's Banks Pass Stress Test
| Marcel Woo | | Apr 30, 2014 08:31 AM EDT |
China's banking system can withstand a huge drop in the country's economic growth or even a 400 percent rise in non-performing loans after the central bank said China's lenders have passed the stress test.
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